The following is information from the Atchley Group on-line October newsletter at -- http://realtytimes.com/nlprint/frame119/DebAtchley --to learn more about what's happening in the real estate world visit this hyperlink.
Rates Tick Up In Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage (FRM) averaged 6.09% for the week ending September 25, 2008, up from the previous week when it averaged 5.78%. Last year at this time, the 30-year FRM averaged 6.42%. "Mortgage rates followed Treasury bond yields higher this week amid market uncertainty over the current state of the economy," said Frank Nothaft, Freddie Mac vice president and chief economist. U.S. averages as of September 25, 2008: 30 yr. fixed: 6.09%15 yr. fixed: 5.77%1 yr. adj: 5.16% And while up, interest rates for 30-year FRMs are still more than 0.5 percentage points below this year's peak of 6.63 percent set the week of July 24th.
To learn more about Edmond, Oklahoma City, Deer Creek, Piedmont and Yukon home prices and local mortgage rates during this ever changing market, please call the Atchley Group at 330-2626. To check our current listings of homes for sale go to --http://www.atchleygroup.com/myhomes.asp?filter=yes&type=ALL.
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